FXstreet.com (Barcelona) - The US Dollar is slipping throughout the market as risky bids take over, shrugging off recent concerns over Greece not getting additional aid from the IMF. Main rivals such as Euro, Pound or Australian Dollar are all picking up momentum to the upside.
EUR/USD has seen a run with conviction; taking off from an open at 1.4140, the pair is now trading at a session high of 1.4190. GBP/USD rallied past 1.6400 to peak at 1.6420 after UK consumer confidence rose the most in 18 years. AUD/USD has been taken above 1.0646, yesterday's high, while USD/JPY just touched new low at 81.00.
Looking at the EUR/USD pair, Sean Lee from Forexlive is confident that if it breaks above 1.4210 then he expects many shorts to start covering. "The high so far has been 1.4180 and the reports from the interbank market are that liquidity is poor" he said. A break above the aforementioned high would most likely lead other risky currencies to visit higher ground too.
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